On November 7, 2024, Affirm Holdings, Inc. released a Shareholder Letter detailing its financial results for the first fiscal quarter ending September 30, 2024. The company reported a Gross Merchandise Volume (GMV) of $7.6 billion, marking a 35% year-over-year increase, and a revenue of $698 million, up 41% from the previous year. Despite these gains, Affirm posted an operating loss of $133 million, which was an improvement over the previous year's $209 million loss. The company also announced the appointment of Rob O'Hare as the new Chief Financial Officer, effective November 8, 2024, succeeding Michael Linford who will continue as Chief Operating Officer. O'Hare's compensation includes a base salary of $475,000, cash incentives, and stock awards. Additionally, Affirm's Board of Directors authorized a repurchase of up...Show More

On November 7, 2024, Affirm Holdings, Inc. released a Shareholder Letter detailing its financial results for the first fiscal quarter ending September 30, 2024. The company reported a Gross Merchandise Volume (GMV) of $7.6 billion, marking a 35% year-over-year increase, and a revenue of $698 million, up 41% from the previous year. Despite these gains, Affirm posted an operating loss of $133 million, which was an improvement over the previous year's $209 million loss. The company also announced the appointment of Rob O'Hare as the new Chief Financial Officer, effective November 8, 2024, succeeding Michael Linford who will continue as Chief Operating Officer. O'Hare's compensation includes a base salary of $475,000, cash incentives, and stock awards. Additionally, Affirm's Board of Directors authorized a repurchase of up to $500 million of its 0% Convertible Senior Notes due 2026, succeeding an existing $800 million repurchase authorization set to expire at the end of 2024. The repurchase program will run from January 1, 2025, to December 31, 2025. Affirm's forward-looking statements suggest continued growth and the pursuit of GAAP Operating Income profitability by the fourth fiscal quarter of 2025.